Dealing in Securities by Associates of a Director SAFARI INVESTMENTS RSA LIMITED (Incorporated in the Republic of South Africa) Registration number: 2000/015002/06 Approved as a REIT by the JSE Limited Share code: SAR ISIN number: ZAE000188280 (“Safari” or “the Company”) DEALING IN SECURITIES BY ASSOCIATES OF A DIRECTOR In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR: SJ KRUGER STATUS: NON-EXECUTIVE DIRECTOR COMPANY: SAFARI INVESTMENTS RSA LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 9 JANUARY 2017 PRICE PER SHARE: R7.20 NUMBER OF SECURITIES TRANSACTED: 54 500 TOTAL RAND VALUE OF SECURITIES: R392 400.00 NATURE OF TRANSACTION: ACQUISITION OF SHARES BY AN ASSOCIATE OF A DIRECTOR (ON-MARKET TRANSACTION) NAME OF ASSOCIATE: FANUS KRUGER TRUST RELATIONSHIP WITH THE TRUSTEE OF ASSOCIATE AND DIRECTOR: DIRECTOR OF THE COMPANY NATURE AND EXTENT OF DIRECTOR'S INTEREST IN THE TRANSACTION: INDIRECT BENEFICIAL CONFIRMATION THAT CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: YES NAME OF DIRECTOR: SJ KRUGER STATUS: NON-EXECUTIVE DIRECTOR COMPANY: SAFARI INVESTMENTS RSA LIMITED TYPE OF SECURITIES: ORDINARY SHARES DATE OF TRANSACTION: 9 JANUARY 2017 PRICE PER SHARE: R7.20 NUMBER OF SECURITIES TRANSACTED: 28 300 TOTAL RAND VALUE OF SECURITIES: R203 760.00 NATURE OF TRANSACTION: ACQUISITION OF SHARES BY AN ASSOCIATE OF A DIRECTOR (ON-MARKET TRANSACTION) NAME OF ASSOCIATE: FANUS KRUGER CONSULTING CC RELATIONSHIP WITH THE MEMBER OF ASSOCIATE AND DIRECTOR: DIRECTOR OF THE COMPANY NATURE AND EXTENT OF DIRECTOR'S INTEREST IN THE TRANSACTION: INDIRECT BENEFICIAL CONFIRMATION THAT CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66: YES Pretoria 23 January 2017 Sponsor PSG Capital Proprietary Limited Date: 23/01/2017 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.